Oil prices dropped on Friday. Despite the large producers deciding to ease production cuts, the rise of new COVID-19 cases in many …
Category:
Energy | Petroleum
-
-
Energy | PetroleumNews
Countries that cut oil supply by the end of July agreed to reduce the curbs
by BUNKERISTby BUNKERISTOil prices dropped on Thursday after allies like OPEC and Russia agreed to cut record supply sidewalks starting in August. However, this …
-
Energy | PetroleumNews
Oil rises a bit since production cuts are handled well
by BUNKERISTby BUNKERISTAs OPEC and its allies cut production, it showed a slight increase on Tuesday, but demand concerns are growing due to rising …
-
Energy | PetroleumNews
US crude oil stocks are down, while distilled stocks are on the rise
by BUNKERISTby BUNKERISTWhile US crude inventories dropped last week, stocks of finished products increased. According to analysts, on average, crude oil stocks are estimated …
-
Energy | PetroleumNews
Probability of alleviating supply cuts lowers oil price
by BUNKERISTby BUNKERISTTraders think that the likely decisions to be taken at the OPEC technical meeting this week will boost oil supply, and on …
-
Oil prices rose more than 2% on Friday after the increase in 2020 demand forecasts, although new coronavirus incidents in the US …
-
Energy | PetroleumNews
Oil price drops, due to increased virus cases and oversupply
by BUNKERISTby BUNKERISTOil prices dropped on Friday as inventories rose. Oil fell to weekly declines as record-breaking new coronavirus incidents in the United States …
-
Energy | PetroleumNews
Oil remains steady as the coronavirus balances increasing gasoline demand
by BUNKERISTby BUNKERISTDespite concerns about renewed coronavirus lockdowns in the United States, signs of improvement in gasoline demand keep oil price in balance. The …
-
Energy | PetroleumNews
Economic data overshadow coronavirus concerns, oil steady
by BUNKERISTby BUNKERISTThe new volatility and demand concerns in coronavirus cases changed the oil prices very little on Tuesday. Brent crude LCOc1 futures settled …
-
Energy | PetroleumNews
Increase in coronavirus cases reduces oil demand and prices
by BUNKERISTby BUNKERISTOil prices dropped on Tuesday amid concerns that the increase in coronavirus incidents in the US, the world’s largest oil consumer, would …
